Btc has been absorbing sellers each time 10k has been broken and late fomo shorts have been rekt over and over.
Judging from this and how high cap alts have behaved on every bounce, I would say we will see a face ripping short squeeze unless the stock market completely collapses on Tue/Wed.
Crypto is a risk on asset and highly correlated with equities in a crash scenarios (as seen in Mar). Right now people are looking for a stability to buy into crypto again.
Judging from this and how high cap alts have behaved on every bounce, I would say we will see a face ripping short squeeze unless the stock market completely collapses on Tue/Wed.
Crypto is a risk on asset and highly correlated with equities in a crash scenarios (as seen in Mar). Right now people are looking for a stability to buy into crypto again.